Dodd-Frank will require some foreign banks to set up intermediate holding companies for their US operations and also subject them to enhanced liquidity, supervision and stress testing. How will Asia...

A quant at Citi has revived debate about the changing nature of the profession (www.risk.net/2417747). The scope is narrower, he claims; the job has been dumbed down, and today's quants are little more than programmers. Is he right?